Dinesh Unnikrishnan

Deputy Editor

Moneycontrol

ICICI Bank Q4: All eyes on what COVID-19 does to the economy

BUSINESS

ICICI Bank Q4: All eyes on what COVID-19 does to the economy

An uncertain business environment certainly presents risks going ahead not just for banks but all industries.

ICICI Bank tags $100 mn Singapore Hin Leong exposure as NPA, makes provisions

BUSINESS

ICICI Bank tags $100 mn Singapore Hin Leong exposure as NPA, makes provisions

On 20 April, Moneycontrol first reported that ICICI Bank has an exposure of $100 million (about Rs 760 crore) to Hin Leong. 

Written down AT1 bonds may return to haunt Yes Bank with ‘mis-selling’ charges

BUSINESS

Written down AT1 bonds may return to haunt Yes Bank with ‘mis-selling’ charges

Alleged ‘mis-selling’ of these bonds to retail bond holders by Yes Bank’s executives is likely to be made part of an existing petition in the High Court of Bombay filed by Axis Trustee

An accounting twist gifts ‘Yes’ a profit in Q4, but it is still a ‘No’ bank

BUSINESS

An accounting twist gifts ‘Yes’ a profit in Q4, but it is still a ‘No’ bank

At the end of March and after an unprecedented mega bail-out, Yes Bank still has a broken balance sheet and its continuation as a going concern depends on several ifs and buts.

RBI breaks silence; banks fall in line on extension of loan moratorium for NBFCs

BUSINESS

RBI breaks silence; banks fall in line on extension of loan moratorium for NBFCs

After a meeting with the Reserve Bank of India's top brass and representatives of banks and NBFCs, most banks have agreed to extend moratorium to their NBFC clients on a case-by-case basis.

Services PMI falls to record low of 5.4 in April: Three quick takeaways

BUSINESS

Services PMI falls to record low of 5.4 in April: Three quick takeaways

The change in consumer behavior due to job and income uncertainties could add to the woes of the services sector even after the lockdown ends

Why CMIE's latest unemployment data should be an eye-opener for the government

BUSINESS

Why CMIE's latest unemployment data should be an eye-opener for the government

The near stagnation in economy has left small businesses and daily wage earners in a state of uncertainty

With banks remaining risk-averse, RBI asks big NBFCs if they can lend to smaller ones

BUSINESS

With banks remaining risk-averse, RBI asks big NBFCs if they can lend to smaller ones

The RBI is concerned about banks' reluctance to pass on the benefit of its schemes to small NBFCs and MFIs.

NBFCs seek RBI nod for one-time restructuring of all loans

BUSINESS

NBFCs seek RBI nod for one-time restructuring of all loans

RBI Governor Shaktikanta Das and deputy governors met NBFC industry representatives on May 4 to discuss liquidity issues and flow of credit to different sectors

COVID-19 impact: Here's why Indian banks won't come out of abyss anytime soon

BUSINESS

COVID-19 impact: Here's why Indian banks won't come out of abyss anytime soon

Bankers and analysts expect significant spike in non-performing assets going ahead. The pain may not be visible immediately since the RBI has extended regulatory relaxations.

With CKP Bank’s failure, yet another co-operative bank bites the dust: What’s ailing these lenders?

BUSINESS

With CKP Bank’s failure, yet another co-operative bank bites the dust: What’s ailing these lenders?

India’s weak co-operative banks have been imploding one after the other. Almost every month, the RBI brings some or the other co-operative bank under restrictions.

CKP Co-operative Bank has 97% NPAs; most to real estate developers

BUSINESS

CKP Co-operative Bank has 97% NPAs; most to real estate developers

Over the years, CKP Bank had built its business by lending to mostly small and mid-sized real estate developers in Mumbai, who did not pay back loans leading to a huge spike in NPAs.

RBI top brass takes stock of situation; bank CEOs seek extension of COVID-19 relaxations

BUSINESS

RBI top brass takes stock of situation; bank CEOs seek extension of COVID-19 relaxations

Banks have demanded possible extension of the loan moratorium facility to borrowers announced by the RBI in the wake of Covid-19. The RBI will look into these suggestions now

RBI determined to make banks lend to crisis-ridden mutual funds: Will lenders pay heed?

BUSINESS

RBI determined to make banks lend to crisis-ridden mutual funds: Will lenders pay heed?

Banks fear huge bad loans going ahead from such exposure in low-rated papers where mutual funds have parked money. Someone needs to guarantee these loans, ideally the government or the central bank.

Sapre says Franklin Templeton needs to repay lenders first before investors, in talks with firms for early repayment

BUSINESS

Sapre says Franklin Templeton needs to repay lenders first before investors, in talks with firms for early repayment

President of Franklin Templeton India assures investors that they will get their money back, but after the company pays off borrowings and sells securities.

Franklin Templeton gives moratorium to NCDs of three Future Group companies

BUSINESS

Franklin Templeton gives moratorium to NCDs of three Future Group companies

“Future Group has requested Fixed Income schemes managed by Franklin Templeton Mutual Fund , relief under the moratorium benefit announced by the RBI," the mutual fund said.

SIDBI extends loan repayment term to 1-year for NBFCs, MFIs

BUSINESS

SIDBI extends loan repayment term to 1-year for NBFCs, MFIs

This is a significant development as microlenders felt the earlier repayment rules were stringent considering the present operating environment.

COVID-19-hit microlenders knock on SEBI’s door seeking extension of rating period

BUSINESS

COVID-19-hit microlenders knock on SEBI’s door seeking extension of rating period

Rating agencies typically revise ratings of microlenders after 12 months. Despite the lock down, some of the microlenders have received communication from agencies on further rating revision.

All good for Axis Bank in Q4, but COVID-19 uncertainty shadows future outlook

BUSINESS

All good for Axis Bank in Q4, but COVID-19 uncertainty shadows future outlook

For banking analysts, Q4 numbers aren’t that important. All eyes are on the April-June quarter when the world will emerge out of the 40-day-long lockdown. That is when the RBI relief for borrowers, in the form of moratorium and liquidity stimulus, will come to an end.

Why banks are not lending to small companies despite availability of cheap funds from RBI

BUSINESS

Why banks are not lending to small companies despite availability of cheap funds from RBI

Their risk aversion has affected NBFCs and smaller MFIs the most.

Franklin Templeton: Who is to blame for the mess?

BUSINESS

Franklin Templeton: Who is to blame for the mess?

How lazy regulators, feckless rating agencies and rash fund managers take mutual fund investors for a ride time and again.

Coronavirus relief: MFIs write to Sidbi, RBI seeking relaxation in refinance scheme eligibility terms

BUSINESS

Coronavirus relief: MFIs write to Sidbi, RBI seeking relaxation in refinance scheme eligibility terms

On April 17, announcing the second round of COVID-19 relief measures, RBI Governor Shaktikanta Das had launched refinancing support to the tune of Rs 50,000 crore through all India financial institutions such as NABARD, SIDBI and NHB.

Shaktikanta Das is the knight in shining armour yet again; this time for worried mutual funds

BUSINESS

Shaktikanta Das is the knight in shining armour yet again; this time for worried mutual funds

This isn’t the first time the RBI is helping mutual funds industry. In 2008, in the aftermath of the global financial crisis, the RBI had stepped in to save the sector. The central bank then opened a special window to provide banks with funds to support mutual funds.

Franklin Templeton mess: A liquidity mishap or a series of wrong, aggressive bets?

BUSINESS

Franklin Templeton mess: A liquidity mishap or a series of wrong, aggressive bets?

The closure of Franklin Templeton’s six funds has opened room for questions.

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